Taxed

<!-- -->28 per cent tax would be levied on the full face value of bets. (Representational)New Delhi: The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to impose a 28 per cent tax on the turnover of online gaming…

<!-- -->The finance ministry issued a clarification on the matter through a series of tweets. (Representational)New Delhi: While credit card spends overseas will not attract tax collected at source now as such transactions have been…

Mahila Samman Certificate scheme was launched in the current fiscalMahila Samman Certificate scheme: CBDT on May 16 notified the Tax Deducted at Source (TDS) provision for the post office savings schemeInterest earned from Mahila Samman…

The government issued a clarification on Friday stating that a 20% Tax Collection at Source (TCS) will be applicable only to overseas credit card transactions exceeding ₹7 Lakh. 20% Tax Collection at Source for credit cards online…

NEW DELHI: India’s decision to tax returns from fixed-income mutual funds is set to bolster its lenders’ efforts to lure deposits for financing a resurgent credit growth and boost profits. The nation scrapping tax incentives for some debt…

Fixed deposits (FDs) don't have the benefit of indexation. Now, the debt MF will also be treated like FDs. (Representative image)The Finance Bill 2023 imposes the short-term capital gains tax on specified mutual funds (where not more than…

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<!-- -->Certain Diwali gifts received may attract tax, know moreThe festival of Diwali is all about spreading smiles and joy. People also exchange sweets and gifts with their relatives and close friends during this time.In offices,…

The Reserve Bank of India has set the price  of premature redemption of the Sovereign Gold Bond (SGB) scheme 2016-17 (Series IV) at Rs 5,077 per unit. Starting today, September 17, the second due date of premature redemption of the SGB will…

WASHINGTON — At the center of the new climate and tax package that Democrats appear to be on the verge of passing is one of the most significant changes to America’s tax code in decades: a new corporate minimum tax that could reshape how…